<ARTICLE> 9 <CIK> 0000275119 <NAME> BAYLAKE CORP <MULTIPLIER> 1,000 <CURRENCY> US DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <EXCHANGE-RATE> 1 <CASH> 10,460 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 94,662 <INVESTMENTS-CARRYING> 13,607 <INVESTMENTS-MARKET> 14,012 <LOANS> 284,369 <ALLOWANCE> 3,431 <TOTAL-ASSETS> 424,498 <DEPOSITS> 358,197 <SHORT-TERM> 19,596 <LIABILITIES-OTHER> 5,108 <LONG-TERM> 385 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,302 <OTHER-SE> 28,910 <TOTAL-LIABILITIES-AND-EQUITY> 424,498 <INTEREST-LOAN> 18,920 <INTEREST-INVEST> 4,340 <INTEREST-OTHER> 1 <INTEREST-TOTAL> 23,261 <INTEREST-DEPOSIT> 9,513 <INTEREST-EXPENSE> 10,570 <INTEREST-INCOME-NET> 12,691 <LOAN-LOSSES> 457 <SECURITIES-GAINS> 47 <EXPENSE-OTHER> 9,582 <INCOME-PRETAX> 5,293 <INCOME-PRE-EXTRAORDINARY> 3,751 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,751 <EPS-PRIMARY> $1.53 <EPS-DILUTED> $1.53 <YIELD-ACTUAL> 8.45 <LOANS-NON> 1,010 <LOANS-PAST> 0 <LOANS-TROUBLED> 2,801 <LOANS-PROBLEM> 3,856 <ALLOWANCE-OPEN> 2,893 <CHARGE-OFFS> 98 <RECOVERIES> 179 <ALLOWANCE-CLOSE> 3,431 <ALLOWANCE-DOMESTIC> 3,431 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0